Bearish Butterfly (1H)
Adding Confluence to the Deep Crab on the 4H, this Butterfly entry meets in the same area as the TP2 for the Daily Bullish Butterfly shown below.
Note
shown are the standard TP's, I use 2R and 4R as TP1 and 2 respectively, as shown in the chart below ...Note
Note
It may seem strange to mention but it does concern me slightly that everything is lining up so perfectly.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.